Benefits of ownership and other such fundamentals are decoupled from an open market, which creates an ever changing inside market (bid and ask) and beyond (buy and sell walls in cryptocurrency parlance) based on buying and selling pressure. Not to state the obvious, but the “value” at a given time is actually directly based on the ever changing decisions of willing market participants. Sentiment drives such demand which has increased of late.
You may be right fundamentally but the market can easily make a short seller insolvent before “rationally” discovering true pricing based on your thesis.
Traders will devise a suitable risk management plan prior to initiating a short position. Unlike the media driven nonsense about a large activist shorting a bull market permanently, many traders can and do make leveraged long and short trades all the time, with the intention of exiting at a loss if the trade doesn’t go immediately (for some definition of immediately) in their favor.
What coincidences? I have mine, a lifetimes worth, but there isn’t a framework for saying whether my experiences are somehow special and contrived by a higher intelligence, part of a simulated universe or something else, or just a misunderstood manifestation of some not yet discovered physical law. As far as I know, science doesn’t offer a technique to quantify what we experience as coincidence (beyond the trivial prayer for health example) in any way that evidentially supports the existence of a higher intelligence or design. We’ve replaced superstitions systematically with science, and this trend seems unlikely to change, although a merger of sorts seems an inevitable destination.
Experience is often personal and difficult to express using known human communication techniques, much less quantify scientifically. Heck, we can’t even agree on whether there is a hard problem. These explorations for new approaches to quantum physics simply give hope for further understanding of reality that we may have already considered (simulation theory, for instance) or others we have not. Fun to speculate, though, in the meantime.
As an aside, maybe religious folks are right, maybe MWI is true and heaven and hell exist in the multiverse. What’s possible in the mind can overwhelm to the point of shutdown given the right set of perceptions, and coincidence can certainly drive a person to insanity (or enlightenment) if crafted carefully enough. You can claim aliens contacted you, or that you have perceptions and experiences giving blindingly in-your-face obvious (to you) indication of some kind of contrived, controlled or influenced reality, but you’d better have science to back it up.
Interesting speculations about the ostensible naivety of Trump, but not necessarily true. He would be impeached by now if he didn’t approach intelligence contacts early on about securing America-first interests as it pertained to any interactions with Russia going forward. His attorneys are likely not Russian agents, after all.
If not true, one would reasonably expect impeachment to be forthcoming, if there’s enough there to connect the dots on such accusations of collusion.
Indeed, technologically enabled sociopathic behaviors emanate from Silicon Valley. Only the best and brightest would be capable of being part of such a machine.
It’s not an understatement to say that the big tech companies have a soul, with the same principles of survival perpetuated against its very users who give them life in the first place.
SV sees government as competition — another threat — particularly the NSA, data collection being the common basis of their value propositions. Culturally engrained rebellion, disconnect from nationalistic pride — our culture in America is quite the mashup.
You may be right fundamentally but the market can easily make a short seller insolvent before “rationally” discovering true pricing based on your thesis.